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Capitol Report: Mnuchin, Pelosi plan debt-limit, budget call | Biden a ‘closet Republican,’ says columnist

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Treasury Steven Mnuchin and House Speaker Nancy Pelosi are planning to speak Wednesday on the debt limit and budget caps.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke late Tuesday afternoon and plan to do so again Wednesday, Politico reports, as they try to find a deal to lift budget caps and raise the U.S. debt limit.

As Politico writes, there seems to be recognition in the Capitol that the debt ceiling should be lifted this month before the August recess. Tuesday, Pelosi didn’t rule out voting on a debt limit increase before the recess, writes Roll Call — though she indicated the need to raise discretionary spending caps for fiscal 2020 is still an integral part of the discussions.

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